Market & Non-Tariff Trade Barriers Mcqs


Q.  The price mechanism does not act as a ?

a. Signal
b. Incentive
c. Rationing device
d. Indicator of income


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  Except for taxes to offset ______ taxes are ______?
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MCQs:  If the consumption of good by one person does not reduce the quantity available by others and nobody can be easily excluded from consumption, we are referring to a ?
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MCQs:  Markets sometimes fail to exist because of________?
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MCQs:  Externalities arise because there is a divergence between ________ and _________?
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MCQs:  The allocation of resources is not efficient if ?
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MCQs:  We cannot say whether one allocation of resources is better than another allocation because ?
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MCQs:  An allocation is Pareto-efficient if no reallocation of resources would make some people _______ without making others ________?
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MCQs:  Moral hazard means that the act of insuring ____ that the desired outcome will occur?
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MCQs:  A dominant strategy is ?
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MCQs:  The prisoners Dilemma Game demonstrates that ?
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MCQs:  The reason for the kinked demand curve is that ?
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MCQs:  A natural monopoly has a declining _______ over a large range of output?
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MCQs:  A monopoly may be self-perpetuating because profits may be used for ?
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MCQs:  Comparing a monopoly and competitive firm, the monopolist will ?
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MCQs:  Where a tax can be shifted, the incidence depends on ?
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MCQs:  Tax incidence is the ?
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MCQs:  Economists use the term Black Markets for situations where ?
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MCQs:  If the market price is below the equilibrium price ?
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MCQs:  It is necessary to ration a good whenever ?
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MCQs:  A price ceiling is ?
Category: Economics Mcqs,   Published by: teswesm